Pool
25 named things its latest annual report says its results depend on, each in the company's own words. 16 of them are also named by other companies we've read.
Customers
Pinch A Penny
earns fromSun Wholesale Supply also owns and operates a specialty chemical re-packaging plant that sells proprietary pool chemical products principally to the Pinch A Penny franchised store network.Business (Item 1)
Suppliers
Pentair plc
depends on · 20%named as a riskOur largest suppliers are Pentair plc, Zodiac Pool Systems, Inc. and Hayward Holdings, Inc., which accounted for 20%, 12% and 11%, respectively, of the costs of products we sold in 2025.Risk factors (Item 1A)
Zodiac Pool Systems, Inc.
depends on · 12%named as a riskOur largest suppliers are Pentair plc, Zodiac Pool Systems, Inc. and Hayward Holdings, Inc., which accounted for 20%, 12% and 11%, respectively, of the costs of products we sold in 2025.Risk factors (Item 1A)
Hayward Holdings, Inc.
depends on · 11%named as a riskOur largest suppliers are Pentair plc, Zodiac Pool Systems, Inc. and Hayward Holdings, Inc., which accounted for 20%, 12% and 11%, respectively, of the costs of products we sold in 2025.Risk factors (Item 1A)
Other companies
Credit Facility
$1.3 billionnamed as a riskTo calculate the potential impact in 2025 related to interest rate risk, we performed a sensitivity analysis assuming that we borrowed the maximum $1.3 billion available under the Credit Facility, the $375 million maximum available under the Receivables Facility and the full $500 million outstanding under our Term Facility.Market risk (Item 7A)
Also named by AM, AR, AROC, BSM, CGBD, CLS, CVLG, CWST and 5 more
Competitors
Mass market retailers
competes withnamed as a riskWe face competition from both store-based and internet-based mass market retailers, which have greater scale and bargaining power than us.Risk factors (Item 1A)
Places
California
concentrated in · approximately 53% of our 2025 net salesnamed as a riskOur primary markets with the highest concentration of swimming pools are California, Florida, Texas and Arizona, collectively representing approximately 53% of our 2025 net sales.Business (Item 1)
Also named by A, AAON, AFRM, ALK, ALLY, AN, ARE, AVAV and 88 more
Florida
concentrated in · approximately 53% of our 2025 net salesnamed as a riskOur primary markets with the highest concentration of swimming pools are California, Florida, Texas and Arizona, collectively representing approximately 53% of our 2025 net sales.Business (Item 1)
Also named by ABR, ALLY, AN, AXP, AZO, BBY, BJ, BRO and 54 more
Texas
concentrated in · approximately 53% of our 2025 net salesnamed as a riskOur primary markets with the highest concentration of swimming pools are California, Florida, Texas and Arizona, collectively representing approximately 53% of our 2025 net sales.Business (Item 1)
Also named by ABR, AFRM, ALLY, AN, ASO, ASTS, ATO, AXP and 70 more
Europe
earns from · 4%named as a riskIn 2025, we generated approximately 95% of our sales in North America (including Canada and Mexico), 4% in Europe and less than 1% in Australia.Business (Item 1)
Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more
International operations (incl. Canada and Mexico)
earns from · 7% of total net salesnamed as a riskWhile our international operations, including Canada and Mexico, accounted for only 7% of total net sales in 2025, our exposure to currency rate fluctuations could be material in 2026 and future years to the extent that either currency rate changes are significant or that our international operations comprise a larger percentage of our consolidated results.Market risk (Item 7A)
Also named by APG, AXP, CARR, COP, COST, DD, ECL, EQIX and 14 more
Arizona
concentrated in · approximately 53% of our 2025 net salesnamed as a riskOur primary markets with the highest concentration of swimming pools are California, Florida, Texas and Arizona, collectively representing approximately 53% of our 2025 net sales.Business (Item 1)
Also named by ABR, AMKR, AXON, BBSI, BRK/B, DJCO, ELS, ENSG and 5 more
Hazards
Seasonal weather
61% of our net sales and 78% of our operating incomenamed as a riskIn 2025, we generated 61% of our net sales and 78% of our operating income in the second and third quarters of the year.Risk factors (Item 1A)
Also named by SMG
Hurricanes
operates innamed as a riskIn the past, we have experienced short-term impacts on our sales due to closures from weather events such as Hurricanes Francine, Helene and Milton in 2024.Risk factors (Item 1A)
Also named by AIG, AN, ASO, BAC, BBY, BJ, BPOP, BRO and 89 more
Drought and water use restrictions
named as a riskDrought conditions or water management initiatives may lead to government-imposed water use restrictions or an increase in the number of homeowners unwilling to construct or maintain a pool.Risk factors (Item 1A)
Commodities and inputs
Pool and hot tub chemicals
earns from · approximately 14% of total net sales in 2025Based on our 2025 product classifications, sales for our pool and hot tub chemicals product category represented approximately 14% of total net sales in 2025, 15% in 2024 and 14% in 2023.Business (Item 1)
Regulators
U.S. Department of Commerce
subject tonamed as a riskAdditionally, following annual administrative reviews, final duty rates determined by the U.S. Department of Commerce may be higher or lower than rates paid at import.Risk factors (Item 1A)
Also named by AIR, ALAB, AMKR, AXON, DELL, DLTR, ENTG, FSLR and 9 more
Environmental Protection Agency
subject toOur business is subject to a wide variety of regulations, principally under local fire codes and international, federal, state and local environmental and health and safety requirements, including regulation by the Environmental Protection Agency, the Consumer Product Safety Commission, the Department of Transportation, the Occupational Safety and Health Administration, the National Fire Protection Agency and the International Maritime Organization.Business (Item 1)
Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more
Laws and programs
U.S. tariffs
exposed to its price · a 1% impactnamed as a riskInflationary product cost increases were approximately 2% to 3% in 2025, including a 1% impact from U.S. tariffs enacted during the year.Business (Item 1)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
California climate disclosure laws
subject tonamed as a riskVarious governmental bodies in Europe and the United States, particularly in the state of California, have adopted or proposed laws or regulations increasing the obligations of companies to disclose information about climate-related and other sustainability matters.Risk factors (Item 1A)
Federal Insecticide, Fungicide and Rodenticide Act
subject tonamed as a riskWe sell algaecides and pest control products that are regulated as pesticides under the Federal Insecticide, Fungicide and Rodenticide Act and various state pesticide laws.Risk factors (Item 1A)
Local fire codes
subject tonamed as a riskWe store certain types of chemicals and/or fertilizers at each of our sales centers and the storage of these items is strictly regulated by local fire codes.Business (Item 1)
California Consumer Privacy Rights Act
subject tonamed as a riskThe European Union and other international regulators, as well as state governments, have enacted or enhanced data privacy regulations, such as the California Consumer Privacy Rights Act, and other governments are considering establishing similar or stronger protections.Risk factors (Item 1A)